FinanceAccounting
The books: chart of accounts, journals, periods, reconciliation and reporting — 24 distinct permissions.
Accounting is the book of record. Journals are written, posted, approved and — when they are wrong — reversed rather than edited; periods are locked so that last month stops moving; and the reports read straight through to the transactions behind them.
What it does
Accounting, in the product’s own words
- Chart of accounts, maintained per company
- Write, post, approve and reverse journals
- Lock and reopen accounting periods
- Import bank statements and lock a reconciliation
- Budgets, and a cash-flow forecast with a settable horizon
- Financial and cash-flow overviews, consolidated across companies
- Reports exported, printed, shared by link, or opened down to the transactions behind them
Before you start
What has to be in place
- A chart of accounts per company. Nothing else in this module works until the accounts exist to post to.
- An opening balance, entered deliberately. A ledger that starts from nothing will reconcile to nothing.
- Agreement on who may post, who may approve, and who may reopen a locked period. These are twenty-four distinct permissions; splitting them is the control.
In the user guide
7 tasks, explained
- 01Maintain the chart of accounts
- 02Write, post, approve and reverse a journal
- 03Lock and reopen a period
- 04Import a bank statement and lock the reconciliation
- 05Set budgets and forecast cash
- 06Read consolidated overviews
- 07Export, print, share or drill into a report
Worth knowing
- Posting is the point of no return by design. If a control feels inconvenient here, that is the control working.
Works with
The same records, not a sync
Industries that start with it